Electronic Arts (EA) AnalysisAfter the investment made on Activision last week, today I bring you an analysis on EA (Electronic Arts).
The mother of Fifa and Madden (for those who were not interested in video games, let's talk about the company's core business), ended a long accumulation phase that lasted from December 2020 on Friday, when the price broke the support structure in the $ 135.30 zone
Possible bear trap to create liquidity again and then start a new uptrend. In this case, the resistance to break is $ 149.
If, on the other hand, the price continues to fall, the most interesting entry levels are:
- $ 127
- 112.50 (definitely the most important and attractive level)
Only due to a major reversal of the Nasdaq, EA could it go below this price.
Moreover, we find ourselves in the best time of the year precisely due to the fact that the two previously mentioned video games are out (or just released).
EA, an interesting company in the videogame sector, especially after the subscription service, EA Play, became part of Microsoft's Game Pass , another subscription service to "Netflix" which, with a monthly fee, allows customers to use content .
This too should help the turnover of Electronic Arts grow, which is composed of two other pillars: the sale of video games and in-game microtransactions.
Happy trading.
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
EA
Technical Analysis Of 15 Stocks!Hi,
Again, I would like to liquidate my old debts considering stocks analysis. At the time, there was relatively little interest in mentioning your favorite stocks, it was quite impossible to make a solid "top" of that. I solved it that way, I put in this idea some stocks you mentioned here that were at least worth analyzing and some of the choices that I am currently interested in.
You should find some ideas on what to look for, lots of stocks from different sectors so, pick it or skip it:
1) AMD - Advanced Micro Devices
2) AAPL - Apple
3) BABA - Alibaba Group Holdings
4) RYA - Ryanair
5) LUV - Southwest Airlines
6) MCFE - McAfee
7) IBM - International Business Machines
8) NOBI - Nobia AB
9) PENN - Penn National Gaming
10) EA - Electronic Arts
11) TCEHY - Tencent
12) TTWO - Take-Two Interactive Software
13) STX - Seagate Technology
14) GM - General Motors
15) STNE - StoneCo
Hopefully, you found something interesting to go deeper about your research. Definitely do your own research, don't follow blindly!
Also, you can share your stock (ONE) in the comments and if I saw something there I can replay it!
Regards,
Vaido
Weekly Outlook! 7/19 - 7/23Here is what we are watching for this next week!
NYSE:DASH
Dash we are seeing a nice bounce at the .382 FIB level.
We'll be looking to take a position on a move over $170 or under $164
NASDAQ:EA
Nice long term set up here with an ascending triangle, we're sitting right near long term trend support and are looking to take a move over $144 if the market is trending upwards
NASDAQ:FB
FB we are looking to play some continued momentum to the down side and look for a move under $340
NASDAQ:ZM
Very similar to DASH in that we've bounced off of previous resistance and the .382 FIB level. We are looking to take a move over $366 and under $354
NASDAQ:CRWD
CRWD is also sitting at long term trend support, we are looking to take a move over $254 and under $247
EURAUD SHORTEA has been in a continous downtrend since the beggining of the year. On the 2H timeframe, price action consolidated for a while before breaking beow and retesting the new resistance it was now under. Price has now fallen below again and made a lower low and is now coming back to retest the previous lower low. There is also confluence with the fibonacii golden zone which is what I will be using to get a perfect entry. The last confluence is the new bearish trendline price has been respecting. Im waiting on price to reject the trendline with a strong wich and close below the support with some type of entry confirmation candle on the m15. Ill be looking for a doji or a bearish engulfing on the m15 and will set stops to the -78.6 zone. I'm going to run 2 positions and the first TP is the - 27 Fibonacci extension and TP2 is - 61.8 fibonacci extension. Oce price hits TP1 , I will set the trade to BE .
RISK MANAGMENT IS HIGHLY IMPORTANT
The market always gives new opportunitiesThis time, is in the gaming industry. I missed the breakout in NASDAQ:TTWO so now I'm watching NASDAQ:ATVI very closely ($ATVI has a better YTD than NASDAQ:EA ). This time I think I will catch the breakout, all my rules are been followed: good buying volume, price above key MAs and good divergence with the RSI. This is almost to perfect to miss, but as always anything can happen so I will wait for it. Even so, as the market it's been to volatile I won't buy to aggressively.
EURAUD - PREDICTIONDon't be put off by all the charting, let me break it down.
Firstly what can we see?
The blue line is a weekly trend line dating back years which as you can see, isn't breaking.
This is followed up by the daily support in grey.
In red, we have a Bullish Flag pattern. Buys on the break of the high of the flag is favoured with clean traffic.
Alternatively, we could see the usual correction to 61.8% fib as highlighted before another push.
3rd scenario is we retest that bottom support but unlikely.
EA - Trendline break and moving average crossoverElectronic Arts NASDAQ:EA is showing a potential bullish turn. As shown in the chart above, the downward trend line with multiple touches have been broken with enough momentum for the moving averages to crossover. The stock may pull back to the moving average in the short term providing a bullish opportunity to go long.